The following budget information is available for the HD Sales Company (HDC) for January:

Sales	$ 365,000
Freight out	$ 0.25	per unit sold
Depreciation on Administrative Equipment	$ 14,500
Sales & Administrative Salaries	$ 45,400	+ 2% of sales
Advertising	$ 16,500
Depreciation on Manufacturing Equipment	$ 19,500
Lease on Sales Building	$ 46,800
Miscellaneous Selling Expenses	$ 5,900

All operating expenses are paid in cash in the month incurred.

 If HDC expects to sell 24,500 units of inventory, the total budgeted selling and administrative expenses would be what amount on the January pro forma income statement?

Answer rating: 100% (QA)

To calculate the total budgeted selling and administrative expenses for HDC on the January pro forma ... View the full answer